Interesting this. I mentioned it in another thread a few days ago. Why not sell bonds to Irish deposit holders? There are many billions on deposit in Irish banking institutions doing very little. The letter writer asks why sell bonds only to international bondholders?? Why not ask those with big deposits here to lend to the Government?
Most deposits are around 3.5% if you're lucky. The bond auctions recently were being charged around 6.5% and rising. If I had 100,000 and was offered say 5% or so over ten years I might consider it. (minimal taxes and exit charges of course too!!)
The Irish Times - Letters